The second-largest oil producer in Russia, Lukoil (LKOH.MM), chairman Ravil Maganov, passed away on Thursday after jumping from a Moscow hospital window.

According to anonymous sources, some Russian media outlets also reported the passing of 67-year-old vice president of Lukoil Maganov.

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Soon after Lukoil's founding in 1993, Maganov began working there and soon rose to the position of chairman. He oversaw the company's exploration, production, and refining.

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A close friend of Vagit Alekperov, one of the founders of Lukoil, was Ravil Maganov.

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A week after Britain placed an asset freeze and travel ban on Alekperov as part of sanctions over Russia's military actions in Ukraine, the former deputy oil minister of the Soviet Union resigned from his position as president of Lukoil.

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The company's founder, CEO, and largest shareholder, Vagit Alekperov, announced his resignation in April as a result of being the focus of international sanctions.

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Maganov began working for Lukoil, the second-largest oil producer in Russia, not long after it was founded. He was in control of the company's upstream operations.

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Maganov and Putin were seen together at the Kremlin in November 2019 as Maganov was presented with the Order of Alexander Nevsky, a state honour.

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The US Department of Justice received an order on Wednesday to seize a $45 million jet owned by PJSC LUKOIL.

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